Even the most decisive manager can be thrown into despair when faced with a high-stakes matter. We make decisions every day without noticing, but a career-making (or breaking) challenge requires thought and deliberation. It's unlikely that a single approach will serve you every time. However, there are key factors you should consider to ensure you reach a sound conclusion.
What the Experts Say
People respond to the pressure of big decisions in different ways. As Michael Roberto, the Trustee Professor of Management at Bryant University, said in his 2001 HBR article "What You Don't Know About Making Decisions," "all too often (decision-makers) rush to a conclusion or else dither endlessly and decide too late." Finding a middle ground is difficult, agrees Sydney Finkelstein, the Steven Roth Professor of Management at the Tuck School of Business at Dartmouth and co-author of "Why Good Leaders Make Bad Decisions." "When there's more at stake, you have to take more time (but) how much time really depends on the magnitude of the decision," he says. Whether you are inclined to take shortcuts or stall out sorting through options, what's most important is to be aware of the hazards that might befall you, and how to avoid them.
To read the full, original article click on this link: How To Make Good Decisions When The Stakes Are High
Author: Amy Gallo
